Global Microfinance Market 2016-2020

  • ID: 3775958
  • Report
  • Region: Global
  • 101 pages
  • TechNavio
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FEATURED COMPANIES

  • Al Amana Microfinance
  • Albaraka
  • ASA
  • Banco do Nordeste
  • Compartamos Banco
  • Fundación de la Mujer
  • MORE
About Microfinance

Microfinancing is a type of banking service that is provided to low-income individuals or the unemployed or groups of people that do not have any means to obtain any financial services. The goal of microfinance companies is to provide an opportunity for low-income borrowers to become self-sufficient through saving and borrowing money and providing microinsurance. Microfinance institutions charge interests on loans for their lenders like conventional banking operations. However, these interest rates are lower than those offered by normal banks. Microenterprises are considered as the engine of economic growth for a nation to promote equitable growth and development.

The analysts forecast the global microfinance market to grow at a CAGR of 15.56% during the period 2016-2020.

Covered in this report
The report covers the present scenario and the growth prospects of the global microfinance market for 2016-2020. To calculate the market size, the report considers the the total financing of the micro enterprises in the Americas, Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA).

The market is divided into the following segments based on geography:
- Americas
- APAC
- EMEA

The report, Global Microfinance Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
- Albaraka
- ASA International
- Banco do Nordeste
- Bandhan Financial Services
- Fundación de la Mujer
Other prominent vendors
- Access Bank
- Amhara Credit and Savings Institution
- Al Amana Microfinance
- Compartamos Banco
- Fundación WWB Colombia
- ICICI Bank
- Standard Chartered
- Wells Fargo
Market drivers
- Better risk management practices
- For a full, detailed list, view the full report

Market challenges
- Difficulty in credit assessment of microenterprises
- For a full, detailed list, view the full report

Market trends
- New credit scoring approach and collaboration in global marketplace
- For a full, detailed list, view the full report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

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FEATURED COMPANIES

  • Al Amana Microfinance
  • Albaraka
  • ASA
  • Banco do Nordeste
  • Compartamos Banco
  • Fundación de la Mujer
  • MORE
PART 01: Executive summary
  • Highlights
PART 02: Scope of the report
  • Market overview
  • Top-vendor offerings
PART 03: Market research methodology
  • Research methodology
  • Economic indicators
PART 04: Introduction
  • Key market highlights
  • Microfinance overview
PART 05: Market landscape
  • Market overview
  • Market size and forecast
  • Five forces analysis
PART 06: Geographical segmentation
  • Geographical segmentation
  • APAC
  • EMEA
  • Americas
PART 07: Market drivers
  • Increased technological innovations
  • Better risk management practices
  • High economic growth in emerging markets
  • Development of life microinsurance, health microinsurance, and various kinds of agricultural insurance
PART 08: Impact of drivers

PART 09: Market challenges
  • Difficulty in credit assessment of microenterprises
  • Assessing lending risks
  • Business and financial illiteracy
PART 10: Impact of drivers and challenges

PART 11: Market trends
  • New credit scoring approach and collaboration in global marketplace
  • Increase in private sector banks across emerging markets
  • Enterprise resource planning (ERP) solutions
  • Leveraging modern technologies
  • Leveraging social media channels for better market penetration in microinsurance
PART 12: Vendor landscape
  • Competitive landscape
  • Other prominent vendors
PART 13: Key vendor analysis
  • Albaraka
  • ASA International
  • Banco do Nordeste
  • Bandhan Financial Services
  • Fundación de la Mujer
PART 14: Appendix
  • List of abbreviation
PART 15: About the Author

List of Exhibits
Exhibit 01: Countries covered for market analysis
Exhibit 02: Product offerings
Exhibit 03: Investment in microfinance
Exhibit 04: Need for financial services
Exhibit 05: Global microfinance market 2015-2020 ($ billions)
Exhibit 06: Reasons for upgrading capital management
Exhibit 07: Industry wise market share in microenterprises 2015
Exhibit 08: Farm loan information
Exhibit 09: Five forces analysis
Exhibit 10: Geographical segmentation of global microfinance market 2015
Exhibit 11: Geographical segmentation of global microfinance market 2020
Exhibit 12: Microfinance market in APAC 2015-2020 ($ billions)
Exhibit 13: International Finance Investment and Commerce (IFIC) Bank in microfinance sector
Exhibit 14: Healthcare insurance environment in APAC
Exhibit 15: Healthcare insurance environment in APAC
Exhibit 16: Microfinance market in EMEA 2015-2020 ($ billions)
Exhibit 17: Microfinance market in Americas 2015-2020 ($ billions)
Exhibit 18: Health saving account (HSA) contribution limits, deductibles, and out of pocket expenses limit in Americas 2015 and 2016
Exhibit 19: Whole life insurance policy features
Exhibit 20: Impact of drivers
Exhibit 21: Impact of drivers and challenges
Exhibit 22: Advantages of successful implementation of ERP in microenterprises
Exhibit 23: Social media benefits to insurance firms
Exhibit 24: Benefits of mandatory coverage
Exhibit 25: Innovations in customer services
Exhibit 26: Factors that drive customer satisfaction
Exhibit 27: Customer connectivity
Exhibit 28: Microenterprises financing plans through FinTech innovations
Exhibit 29: Financials of Bandhan
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FEATURED COMPANIES

  • Al Amana Microfinance
  • Albaraka
  • ASA
  • Banco do Nordeste
  • Compartamos Banco
  • Fundación de la Mujer
  • MORE
New Report Released: – Global Microfinance Market 2016-2020

The author of the report recognizes the following companies as the key players in the global microfinance market: Albaraka, ASA, Banco do Nordeste, Bandhan Financial Services, and Fundación de la Mujer.

Other Prominent Vendors in the market are: Amhara Credit and Savings Institution, Al Amana Microfinance, Compartamos Banco, Fundación WWB Colombia, ICICI Bank, Standard Chartered, and Wells Fargo.

Commenting on the report, an analyst from the research team said: “A key trend spurring growth in this market is the increase in private sector banks across emerging markets. Many private banks provide greater incentives to incur switching costs needed to pursue new businesses in the microenterprise market. Large private firms have been one of the key driving trends for innovation that has increased the global growth for the microenterprises segment in emerging countries that is either unserved or underserved. The primary aim of these private banks is to not only to develop unique products, business solutions, or services but also commercialize themselves and convert innovative microenterprises into viable business ventures with a sustainable edge over others.”

According to the report, the high preference for better risk management practices will be a significant driver spurring the prospects for growth in this market. Banks are increasingly realizing the costs of operational and sales inefficiency, which is reflected in their revenue. As microenterprises become more active in supply chains, their ability to manage risk becomes more important. Investments in risk management is of utmost importance to compete in the global market to ensure compliance or deploying risk-minimizing technologies. This will help increase the transparency beyond the first-tier suppliers.

Further, the report states that difficulty in credit assessment of microenterprises will be a major challenge for this market. Microenterprises are highly sensitive to the economic cycles of the country, particularly because of the limited business diversification and limited capital reserves. Owing to the global economic crisis and the recent Greek crisis, the economies in the developing as well as the developed countries are undergoing a drastic drop in the demand for goods and services. This has severely affected the production volumes of the microenterprises segment. As a result, there has been less demand for financing.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
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- Albaraka
- ASA
- Banco do Nordeste
- Bandhan Financial Services
- Fundación de la Mujer
- Amhara Credit and Savings Institution
- Al Amana Microfinance
- Compartamos Banco
- Fundación WWB Colombia
- ICICI Bank
- Standard Chartered
- Wells Fargo
Note: Product cover images may vary from those shown
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